News
Mar 12, 2010Nevada Geothermal Power Inc. Issues Stock Options
Vancouver, B.C. (March 12, 2010)—Nevada Geothermal Power Inc. (NGP) (TSX.V: NGP, OTCBB: NGLPF) announced that incentive stock options have been granted to certain employees of NGP to purchase 150,000 common shares of the Company at an exercise price of $1.00 per share for a term of 5 years. Common shares which may be acquired upon exercise of the options shall vest over an eighteen month period. Twenty-five percent of the options will vest on the date of grant with the balance vesting in equal portions after six, twelve and eighteen months.
About Nevada Geothermal Power Inc.:
Nevada Geothermal Power Inc. is an emerging renewable energy producer and developer focused on producing clean, efficient and sustainable geothermal electric power from high temperature geothermal resources, in the United States. NGP currently owns a 100% leasehold interest in four properties: Blue Mountain, Pumpernickel, Black Warrior, all of which are ideally situated in Nevada, and Crump Geyser, Oregon. These properties are at different levels of exploration and development. NGP estimates a potential of over 200 MW from the current leaseholds.
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